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Regular version of the site
Bachelor 2019/2020

International Political Economy

Type: Elective course (World Economy)
Area of studies: Economics
When: 4 year, 1, 2 module
Mode of studies: offline
Instructors: Ninel Seniuk
Language: English
ECTS credits: 4
Contact hours: 44

Course Syllabus

Abstract

During the course, students will study the key issues and problems relating to political regulation of international economic relations, including World trade, the Global financial system, MNC's and Foreign Direct Inverstment. Course participants will be able to determanine key problems related to the regional integration, global governance and hegemony. Close attention will be paid to the study of international institutions, the political role of states, use of different economic instruments of the foreign policy, ability to analyze current trends in World economy and Politics, to work with the data. Based on this knoledge students will be able to make projections about the future of International Political Economy.
Learning Objectives

Learning Objectives

  • Formulate coherent, comprehensive and informed positions on problems of global politics and world economy
  • Analyse the convergence of politics and business and the associated challenges companies face in a competitive global environment
Expected Learning Outcomes

Expected Learning Outcomes

  • Explains the term of the Globalization and analyses its dimensions
  • Explains positive and negative impact of globalization
  • Describes key instruments of economic nationalism used by the modern States
  • Describes the history of mercantilism
  • Describes the history of liberalism
  • Explains what Economic liberalism is and describes its instrumets
  • Describes and analyses International Trade and its Effects
  • Explains political regulation of international trade
  • Explains the new order: four persepctives
  • Analyses the Monetary systems
  • Defines foreign direct investment: its main functions, forms, drivers and determinats
  • Explains FDI theories and the OLI approach
  • Explains different factors of foreign direct investment
  • Analyses the role of state and non-state actors in IPE
Course Contents

Course Contents

  • Globalization in international political economy
    1. Globalization and its dimensions. Four perspectives on globalization. 2. Opposing tendencies in globalization. 3. Concepts of the globalization. 4. Financial, economic, technological, political, cultural, ecological and geographical globalization. 5. Positive and negative impact of globalization
  • Mercantilism and economic nationalism
    1. The history of mercantilism. 2. Economic nationalism and its history. 3. School of Economic nationalism. 4. Key instruments of economic nationalism used by the modern States.
  • Classical liberalism and neo-liberalism
    1. The history of liberalism. 2. Liberal school. 3. Neo-liberal theory. 4. Economic liberalism and its instrumets.
  • The international trade system
    1. International Trade and its Effects. 2. The economics of trade. 3. Comparative Advantage. 4. The economics of trade protection. 5. Tariffs and quotas. 6. International political or economic factors. 7. International politics and institutions. 8. Issues with free trade. 9. Protection vs. trade liberalization 10. International institutions, unilateralism, and regionalism.
  • The global financial and monetary order
    1. Monetary systems. 2. Base or standard. 3. The operation of an international monetary system. 4. The gold standard. 5. Floating rates. 6. The political economy of exchange rate policy. 7. The collapse of the classical liberal order. 8. Reconstruction of the international economic system. 9. The Rise of Bretton Woods and a new liberal order. 10. Explaining the new order: four persepctives.
  • Regionalism in a global economy
    1. Isolationist and geopolitical explanations of Regional Economic Associations. 2. Types of regionalism. 3. Regional institutions. 4. Economic policies of development.
  • Multinational corporations and foreign direct investment
    1. Defining foreign direct investment: its main functions, forms, drivers and determinats. 2. The causes of FDI. 3. FDI theories. The OLI approach: ownership, location, internalization 4. The political economy of FDI. 5. Domestic societal factors. 6. Domestic institutional factors. 7. International economic factors. 8. International political factors. 9. MNC's and the internalization of production.
  • Structures, issues and actors in International Political Economy. Wrap up
    1. State and non-state actors in IPE. 2. International Organizations such as actors of IPE. 3. NGO’s. 4. Structures and key issues of IPE. 5. Wrap up.
Assessment Elements

Assessment Elements

  • non-blocking In-class Quizzes
  • non-blocking Final Test
  • non-blocking Presentation in class
  • non-blocking Case Study Assignment
Interim Assessment

Interim Assessment

  • Interim assessment (1 module)
    0.35 * Case Study Assignment + 0.25 * Final Test + 0.2 * In-class Quizzes + 0.2 * Presentation in class
  • Interim assessment (2 module)
    0.35 * Case Study Assignment + 0.25 * Final Test + 0.2 * In-class Quizzes + 0.2 * Presentation in class
Bibliography

Bibliography

Recommended Core Bibliography

  • Identifying political risk management strategies in international construction projects. (2018). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.68B8462C
  • Tétreault, M. A. (2003). Rethinking Global Political Economy : Emerging Issues, Unfolding Odysseys. London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=105291

Recommended Additional Bibliography

  • Barry Eichengreen. (1987). Hegemonic Stability Theories of the International Monetary System. NBER Working Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.nbr.nberwo.2193
  • Palan, R. (2013). Global Political Economy : Contemporary Theories. New York: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=573557